WHY INDIA? India is emerging as one of the fastest growing economies. It is one of the most attractive destinations not only for investments but also for doing business in the recent years. Many reasons make India such a favourable destination,
As per the rules framed by the Indian Government, service tax registration is required for every individual who is providing a taxable service of a value exceeding 9 lacs in a financial year. A Service Tax registration is an Indirect Tax registration in which the service tax is paid by the service provider and the same is collected from the recipient of the service.
At present the service tax is being collected @ of 14.5% on the taxable services . Apart from this there are few services which do not fall under this preview and are categorised as negative list services. These services are exempt from the service tax.
Service tax Registration is required for identification of the assesse, deposit service tax, file service tax returns and undertake various processes required under the Finance Act, 1994. Failure to obtain service tax registration would attract penalty in terms of section 77 of the Finance Act, 1994.
One of our tax expert will assist you with the quick and fast registration procedure, prepare your service tax application form i.e. form ST-1.
Service tax registration
Once the application form along with the supporting documents has been dully verified, the department shall allot you the Registration in form ST-2.
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While starting up a new business in India, a business owner has to face many challenges & take many decisions. They know their product, the technology but do not know the rules & regulations of starting up in India. They don't know what all